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EURUSD runs up to the 200 hour MA ahead of the CPI. The key technicals ahead of CPI data.

EURUSD runs up to the 200 hour MA ahead of the CPI. The key technicals ahead of CPI data.

The EURUSD has moved higher in the Asian/European session today and in the process moved up to test a key technical level ahead of the key CPI data at the bottom of the hour.

The US CPI's expected rise by 0.5% versus 0.1% last month. The Core CPI is expected to rise by 0.4% versus 0.4% last month.

Technically looking at the hourly chart, yesterday the pair closed near its 100 hour moving average after trading most of the US session above and below that moving average level (se... Read More

Posted: Feb 14 2023, 13:19
Author Name: forexlive
Views: 102555

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